An investigation on behalf of current long term investors in Foundation Medicine Inc (NASDAQ:FMI) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ:FMI stockholders should contact the Shareholders Foundation.

The investigation by a law firm for investors in NASDAQ:FMI stocks follows a lawsuit filed recently against Foundation Medicine Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ:FMI stocks, concerns whether certain Foundation Medicine Inc officers and directors are liable in connection with the allegations made in that lawsuit. The plaintiff alleges that the defendants made false and/or misleading statements regarding the reimbursement process and likelihood of coverage for Foundation's tumor tests by Medicare and the Company's financial guidance.

Those who purchased shares of Foundation Medicine Inc (NASDAQ:FMI) have certain options and should contact the Shareholders Foundation.